Sentences with phrase «facilitation payments»

All the changes came into force immediately upon receiving royal assent, save for the provision that will eliminate the exception for facilitation payments which will come into force on a date to be fixed by an order of the federal Cabinet.

Referring to this «solution» in its March 2012 report on the UK's implementation of its anti-bribery convention, the Organisation for Economic Co-operation and Development (OECD) commented acidly that: «Taken together, these factors imply that a company could continue making facilitation payments while avoiding prosecution if certain conditions were met.»

With regard to facilitation payments which the Bribery Act 2010 unequivocally classes as bribes (in contrast to the equivalent statute in the US), Alderman drew up a «six - stage solution» the effect of which was to suggest that they might be tolerated.

However OI hear time and again that companies are asked to pay facilitation payments in order to get approval or get things done; and they finally just walk away; they say this is just too much trouble; we are going to another country to invest.»

«But U.S. enforcement actions suggest that if they're repetitive payments, then they're not facilitation payments.»

Multinational corporations are responding by instructing employees to cease making facilitation payments altogether: a recent KPMG Forensic survey of British and American executives found that only 9 % of the Brits and 13 % of the Yanks still allow them, down considerably from previous surveys.

And while the Canadian and American systems provide exemptions for payments permitted or required under the laws of the foreign country, Britain's legislation prohibits any payment that would be illegal in the U.K., including facilitation payments.

Morrison, for his part, sees facilitation payments as dangerous because there's never been a numerical threshold distinguishing them from bribes.

The new books and records provisions and the elimination of the exception for facilitation payments demand particular attention, as they both require that steps be taken promptly to ensure full ongoing compliance.

The amendments now in force, including the soon - to - be eliminated facilitation payments exception, reinforce a strong message from the Canadian government that it is «redoubling» its efforts to curb any existing foreign corrupt practices of Canadian businesses.

The Chamber of Shipping has today launched guidelines to assist shipping companies in the development of anti-corruption policies, with particular emphasis on the problem of facilitation payments.

«We now ban facilitation payments globally — it's a good example of how you have to surf the world for the most onerous thing and then adopt that as the standard,» said Smee.

However, some attending the session argued that in some countries there remains a strong need for things like facilitation payments, especially in resource - based industries, often in developing countries where it is considered common practice.

On 9 October 2012, the UK Serious Fraud Office (SFO) published new policies on facilitation payments, business expenditure (hospitality) and corporate self - reporting.

In the case of Canadian corporations that have modelled their anti-corruption compliance programs based on U.S. precedents, the elimination of the exception for facilitation payments will compel departing from the U.S. model if this exception is contained in the compliance program.

It's time to speak up, it's time to take action, and I urge everyone who hears about this report or reads it, to take action, to speak out when they are asked for bribe; to stop paying facilitation payment and to make certain that their friends and neighbours don't pay.»

But others protest that facilitation payments are but small bribes that have the same corrosive impact as their larger counterparts.

Accepting that facilitation payments are largely necessary and harmless, many anti-bribery laws explicitly permit them.

Facilitation payments, long seen as necessary, are also increasingly proscribed.

Take «facilitation payments.»

The exception for «facilitation payments» — which in some very limited circumstances currently permits nominal payments made to expedite or secure the performance of an act of a routine nature by a foreign public official — will be eliminated on a date to be fixed by an order of the federal Cabinet.

The increased prison terms for Canadian nationals including officers and directors of Canadian corporations, the elimination of the territorial jurisdiction test, the increased exposure to CFPOA penalties by adding a books and records provision, and the elimination of exceptions and defences such as those for facilitation payments and businesses not earning profits, all point towards continuing vigorous enforcement by the Canadian government of the CFPOA.

At this time the government has not yet made public the timing for the elimination of the «facilitation payments» exception.

These amendments, the most important since the Corruption of Foreign Public Officials Act (CFPOA) was first enacted in 1998, will require that anti-corruption compliance programs of Canadian businesses operating overseas be revised immediately, particularly to take into account the new books and records provision and phasing out of the exception for facilitation payments.

Facilitation payments are payments demanded by officials (or others) simply to secure or expedite the performance of their normal duties (for example, granting a licence, allowing goods to cross a border, and so on).

Finally, with regard to facilitation payments, they are bribes and there will be zero - tolerance in relation to them.

The UK Bribery Act 2010 is tougher than the FCPA — criminalising commercial bribery, as well as the bribery of foreign officials and having no «facilitation payments» exception.